UK Statistics

Statistics: Index of Production, March 2013

Index of Production, March 2013

Part of Index of Production, March 2013 Release

Data in this release (4) Released: 09 May 2013 Download PDF

Contents

 

Key points

Users are reminded that all figures contained within this release are seasonally adjusted estimates.

Production output rose by 0.2% between Q4 2012 and Q1 2013. Manufacturing fell by 0.3% over the same period.

By far the largest contribution to the quarterly growth in production came from mining & quarrying, which increased by 4.0% following a weak Q4 2012 when extended maintenance in the North Sea reduced output.

The preliminary estimate of GDP, published on 25 April 2013, contained a forecasted rise of 0.2% for production in Q1 2013. This release of data also estimates production rose by 0.2% between Q4 2012 and Q1 2013 and therefore has no impact on the previously published Q1 2013 GDP estimate.

Looking at the broader picture, production ouput was 1.4% lower in March 2013 compared with March 2012. All the main sectors, except for electricity, gas steam & air conditioning, were lower than they were a year ago.

Production rose by 0.7% between February 2013 and March 2013, reflecting a 1.1% rise in manufacturing and a 2.4% rise in electricity, gas steam & air conditioning, where the coldest March since 1962 helped boost demand.

These estimates for the production industries are the first of the main components for the output measure of GDP (construction and services are the other components) to be published for March 2013, the third month of quarter one 2013. All the components are already available for January 2013 and February 2013. Details of the data already published can be found in table 2. The March estimate for construction will be published on 10 May with the estimates for services published on 23 May alongside the second estimate of GDP for Q1 2013.

The earliest period open for revision is January 2013.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.

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